US Seizes Control of AIG with $85 Billion Bailout
The US government has seized control of insurance giant American International Group in an unprecedented $85 billion bailout. The Federal Reserve made the deal on Tuesday to save AIG from collapse in what the New York Times describes as “the most radical intervention in private business in the central bank’s history.” The move comes as a series of financial crises has altered the landscape of Wall Street. We speak with investment banker turned journalist, Nomi Prins, and Michael Hudson, president of the Institute for the Study of Long-Term Economic Trends.
Sarah Palin and Global Warming: Alaska Prof. Says Palin Misrepresented State Findings on Endangered Polar Bears...and Tried to Cover It Up
We speak with Rick Steiner, a marine conservation specialist and University of Alaska professor who has tried to uncover the scientific basis for Alaska Governor and GOP Vice Presidential candidate Sarah Palin’s opposition to any new federal protections for polar bears under the Endangered Species Act. When he requested the assessment of state scientists who had examined the impact of global warming on polar bears, he was told he might have to pay close to half a million dollars for the request to be processed. Steiner finally obtained the documents through a federal records request and found that the state’s marine mammal scientists were actually at odds with Palin’s position.
Evo Morales Accuses Right-Wing Governors of Trying to Stage Violent Coup, U.S. Tells Americans to Evacuate
A fragile dialogue between the Bolivian government and its opponents seemed to inch forward Tuesday as President Evo Morales and opposition governors from the country’s restive eastern provinces agreed to begin talks. They had previously appeared to breakdown when the Bolivian army arrested one of the opposition governors, Leopoldo Fernandez from the rightist Podemos opposition party. The attorney-general accused the governor of genocide. He had governed the province of Pando where between 15 and 30 pro-Morales peasants were killed last week. Meanwhile the Peace Corps has withdrawn its 2,500 volunteers from Bolivia and the U.S. State Department is organizing at least two evacuation flights for U.S. citizens who want to leave the country.